DUBLIN, June 8, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Oil and Gas Storage Market 2017-2021" report to their offering.

The global oil and gas storage market to grow at a CAGR of 2.92% during the period 2017-2021.

The report covers the present scenario and the growth prospects of the global oil and gas storage market for 2017-2021. To calculate the market size, the report considers new oil and gas storage capacities such as oil storage tankers, oil storage fleets, terminals and excludes retrofit/ replacement/ aftermarket. The report also includes a discussion of the key vendors operating in this market.

One trend in the market is solidified natural gas technology for natural gas storage. Natural gas is most commonly stored in underground facilities under pressure. These facilities are depleted aquifers, salt caverns and oil or gas fields or both. In above ground facilities, natural gas is stored in gas or liquid form.

According to the report, one driver in the market is decline in crude oil prices. Petroleum fuel is the most traded commodity in the world. Private trading companies have a presence in various international and local energy trading hubs and exchanges. They bring the buyer and supplier of crude oil and natural gas together and effect a sale. The market for crude oil is unstable, and its pricing is hard to predict due to its complex value chain and supply chain.

Further, the report states that one challenge in the market is threat of theft and technical challenges related to storage systems. Crude oil and natural gas are stored in large tanks in tank farms. Crude oil and petroleum products are usually stored in circular floating roof tanks whereas natural gas and liquefied petroleum gas (LPG) are stored in spherical tanks. LNG is stable under atmospheric pressure and hence, can be stored in circular or spherical tanks.

Key vendors

• Amec Foster Wheeler
• Magellan Midstream Partners
• Royal Vopak
• TechnipFMC
• Vitol
• WorleyParsons

Other prominent vendors

• Blueknight Energy Partners
• Buckeye Partners
• Centrica
• Chiyoda
• CIM-CCMP
• CLH
• DaLian Port (PDA) Company
• HORIZON TERMINALS
• Kinder Morgan
• NuStar Energy
• Odfjell
• Oiltanking
• Ramboll

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Geographical segmentation

Part 07: Market segmentation by product type

Part 08: Market segmentation by storage type

Part 09: Decision framework

Part 10: Drivers and challenges

Part 11: Market trends

Part 12: Vendor landscape

Part 13: Key vendor analysis

Part 14: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/zg52r6/global_oil_and

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SOURCE Research and Markets